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Economics

History

6th Grade

Economics
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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When people need to make economic choices due to a lack of available goods and money, this is called _________________________ in economic terms.

trade offs
scarcity
opportunity cost
incentive

2.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

A good is something you buy and consume.   Tell which one is a good.

You get your hair cut.
You hire someone to cut your grass.
You take a trip on the Grey Hound Bus to New York.
You buy a donut at Krispy Kreme.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy exists in primitive cultures where the focus is on providing food?

Command economy
Market economy
traditional economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy is when the government decides what is produced and how much goods will cost?

command economy
traditional economy
market economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The USA has mostly a _____________ economy.

Command
Traditional
Mixed
Market

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Producer
Consumer

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Producer
Consumer

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